USD/CAD – 30M – SELL

Then a ‘Rising Wedge Chart Pattern’ chart pattern is detected. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a negative signal. The currency pair is likely to fall.

The combination US Dollar/Canadian Dollar (USD/CAD) goes from the ascending trendline downwards

A bearish trend down to the next support line at 1.36198 is likely expected.

Caution: A possible counter-trend in the direction of resistance at 1.36432 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. this is usually a bearish signal. The currency pair could go down.

Then a ‘Southern Doji’ candlestick chart pattern is discovered. The candles form ‘Southern Doji’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).

1.36432 – 1.36415 – 1.3641 – 1.36198 – 1.35777 – 1.36063 —
1.36351 – 1.36402 —
52.204557449281 – 56.550939277154 —
– —
1.36432 – 1778146200

Trading Signals: FOREX – USD – USD/CAD – CAD – Southern Doji – Rising Wedge Chart Pattern – – – – – – – –